01 May, 2023

Nigeria: Guinness Nigeria posts 8.17% increase in turnover in Q3 ended 31 March

Guinness Nigeria Plc on April 27 published its Third Quarter report for the period ended 31 March 2023.

The company reported a turnover of N172.478 billion for the 9 months period, up by 8.17% from N159.445 billion reported the previous year.

Profit after tax of N5.866 billion was reported for the period under review, down by 61.61% from N15.278 billion reported the previous year.

Earnings per share of Guinness stands at N2.68, down by 61.61% from the EPS of N6.98 achieved the previous year.

At the share price of N70, the P/E ratio of Guinness Nigeria stands at 26.14x with earnings yield of 3.83%.

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